February 8th, 2023 – Market Update

NYMEX Natural Gas Futures Contract After climbing to a high of US$2.657/MMBtu, prices fell throughout the day with the prompt month March contract settling down $0.188 at $2.396. The months following were also all in the red. Market Fundamentals Although weather models showed slightly colder revisions, the gas oversupply in the market continues to limit …

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February 2nd, 2023 – Market Update

NYMEX Natural Gas Futures Contract Natural gas fell again today just slightly with the prompt month March 2023 NYMEX contract settling down US$0.012/MMBtu at $2.456. Market Fundamentals The U.S. EIA report came in at a withdrawal of 151 Bcf, and although it was slightly larger than expected, it still doesn’t have a significant impact on …

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February 1st, 2023 – Market Update

NYMEX Natural Gas Futures Contract Natural gas fell hard today with the prompt month March 2023 NYMEX contract settling down US$0.216/MMBtu at $2.468. Bearish momentum extended throughout all months, with calendar ’23 down $0.13, calendar ’24 down, $0.127, and calendar ’25 down $0.11. Market Fundamentals Warmer revisions in the 11-15 day mark continue to drive …

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January 31st, 2023 – Market Update

NYMEX Natural Gas Futures Contract Natural gas traded sideways today as the prompt month March 2023 NYMEX contract settling +US$0.007/MMBtu at $2.684. At the time of writing (4:11 PM), prices have climbed slightly to $2.724. Market Fundamentals Cold weather continues, but past this weekend, forecasts continue to revise closer to normal temperatures. Freeport LNG continues …

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January 30th, 2023 – Market Update

NYMEX Natural Gas Futures Contract With the February 2023 contract expiring last Friday, today marked the first day of March 2023 trading as the prompt month NYMEX natural gas contract. Weather continued to revise warmer on a global scale both domestically and in Europe, causing prices to further crater. The prompt month contract settled down …

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January 26, 2023 – Market Update

NYMEX Natural Gas Futures Contract Nymex prices are down $0.15 USD/mmbtu on the prompt month trading at $2.91. Market Fundamentals Utilies are starting to look ahead at the remaining demand forecast for balance of winter. Most utiltiies will use existing storage inventory to round out the winter and start filling once again in May. As …

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January 24, 2023 – Market Update

NYMEX Natural Gas Futures Contract Prices started the day up although settled closer to yesterdays closing numbers. Market Fundamentals Natural Gas consumption in 2022 ended on a record high at 141 BCF per day; breaking the previous record of 137.4 BCF in 2018. The winter of 2018 were plagued with strong winds, record low temperatures …

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